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Karachi, February 20, 2013 (PPI-OT): We are pleased to inform you that the Board of Directors at their meeting held on Wednesday, 20th February, 2013, at 12:00 noon, at its Head Office, 6th Floor, Sidco Avenue Centre, M.D.M Wafai Road, Karachi, have approved the Audited Accounts of the Bank for the year ended December 31, 2012, showing the following profit and loss account results:
|
2012 |
2011 |
|
|
(Rupees in ‘000) |
||
| Mark-up/return/interest earned |
3,054,034 |
3,352,186 |
| Mark-up/ return / interest expensed |
1,721,825 |
1,943,845 |
|
——— |
——— |
|
| Net mark-up/ return/ interest income |
1,332,209 |
1,408,341 |
| Reversal of provision against loans and advances-net |
(86,607) |
(44,667) |
| Provision for diminution in the value of investments |
– |
– |
| Recoveries against debts written-off |
(3,993) |
(1,537) |
|
——— |
——— |
|
|
(90,600) |
(46,204) |
|
|
——— |
——— |
|
| Net mark-up/ return / interest income after provisions |
1,422,809 |
1,454,545 |
| Non mark-up / interest income |
73,851 |
63,726 |
| Fee, commission and brokerage income |
1,379 |
2,453 |
| Dividend Income |
38,235 |
18,749 |
| Income from dealing in foreign currencies |
37,023 |
20,114 |
| Gain on sale of securities – net |
9 |
– |
| Unrealised gain on revaluation of investments classified as held for trading |
4,008 |
47,355 |
|
——— |
——— |
|
| Other income |
154,606 |
152,397 |
|
——— |
——— |
|
| Total non mark-up / interest income |
1,577,314 |
1,606,942 |
| Non mark-up/ interest expenses |
1,458,244 |
1,397,432 |
| Administrative expenses |
(46,110) |
8,579 |
| Other provisions / write offs – net |
1,146 |
37 |
|
——— |
——— |
|
| Other charges |
1,413,280 |
1,406,048 |
|
——— |
——— |
|
| Total non mark-up/ interest expenses |
164,034 |
200,894 |
| Extraordinary items/unusual items |
– |
– |
|
——— |
——— |
|
| Profit before taxation |
164,034 |
200,894 |
| Taxation – Current year |
16,040 |
36,566 |
| – Prior years |
(165,892) |
(226,493) |
| – Deferred |
13,000 |
154,306 |
|
——— |
——— |
|
|
(138,852) |
(36,621) |
|
|
——— |
——— |
|
| Profit after taxation |
300,886 |
238,515 |
| Accumulated losses brought forward |
(6,252,347) |
(6,441,559) |
| Transfer to statutory reserve |
(60,178) |
(47,303) |
|
——— |
——— |
|
| Accumulated losses carried forward |
(6,011,639) |
(6,252,347) |
|
——— |
——— |
|
|
(Rupees) |
||
| Earning per share |
0.21 |
0.16 |
For more information, contact:
Samba Bank Limited
6th Floor, Sidco Avenue Centre,
Maulana Deen Muhammad Wafai Road,
Saddar, Karachi.
UAN: +92-21-111-999-333,
Fax: +92-21-35685442,
Web: www.samba.com.pk